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There are various opinions on this, mostly depending on your current interest rate, and your comfort level with risk.

I think most people agree that if you invest the money properly (and don't have horendous luck) you will make more by investing thatn you will save by pre-paying your mortgage. Also, your mortgage gives you a tax deduction (as will some of your investments).

On the other hand, some people are not comfortable having debt hang over their heads if they have the ability to pay it now, but are risking their money (gambling) on having more later.

Bottom line - this is a personal decision.
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